Financial Close Automation Software for Mid-Sized Organizations

Automated multi-way transaction matching with Adra Matcher lets your accounting team focus on handling only the exceptions.

Match transactions with bank statements, credit card statements, point of sale, merchant, third-party delivery services, and other external sources in a fraction of the time that manual processes take. Adra Matcher can read your data in its raw form, eliminating time spent cleaning up the information in your spreadsheets. With automated multi-way matching capability (3-way, 4-way, etc.), users can quickly set up match scenarios and deploy intelligent rules to automatically review one-to-one, one-to-many, many-to-one, and many-to-many matches. With our sophisticated matching engine, you’ll end up with fewer transactions to investigate so your finance teams can focus on researching and documenting the exceptions to fix unresolved matches more quickly.

“We have saved 50-70% on time spent on reconciliations each month. Thanks to Adra, we are finished with our reconciliations by the 10th of each month. I find it hard to imagine that there are still companies that do not reconcile automatically. We could never manage it!”

– Head of Funds Management, Marginalen Bank

Matched transactions seamlessly integrate into balance sheet reconciliations through Adra Balancer.

Take the repetition out of your balance sheet reconciliation process for a financial close that’s fast, accurate, and easy to manage. Streamlining repetitive tasks doesn’t just save time, it gives you time to concentrate on your most important accounts. Automatically reconcile accounts based on customizable variance thresholds and centralize data into one platform to increase visibility into your workflows and provide the data your finance teams need to improve them.

“Before Adra, we used Excel and it took approximately 40 hours per month to reconcile our accounts. Now it takes 20-25 hours – Reducing our reconciliation time by 50%!”

– Binswager Glass

Adra Task Manager provides centralized checklists and documents for visibility and control of the entire financial close process.

From checklists and task libraries to status updates, Adra Task Manager is your one-stop shop to manage month-end processes. Checklists ensure everyone on the accounting and finance team understands their role, increasing morale and avoiding needless confusion without the need for time-consuming calls or meetings. Built-in separation of duties and stronger internal controls mean you can assign work with confidence, reassigning as needed to avoid gaps and bottlenecks.

“In the past, we used to have staff meetings on a daily basis to track the close progress. Now it is just clicking on the dashboard t see the percentage of completion so that you can start following up with your teams and asking about potential delays. It is such a positive experience.”

– Senior Managing Director & Head of BPO Operations, Auxis

Tailored reports and dashboards highlight successes as well as opportunities for improvement in Adra Analytics.

Narrow in on the details you need or zoom out to view the bigger picture of your month-end and its impact on your company’s financials. Track every activity throughout one period or over several periods. View close tasks, reconciliations, and information pertaining to your close in the tool of your choice with pre-configured and customizable reports in tools such as Power BI, Excel, or Tableau.

“Being able to generate strategic insights with agility was a key focus for us when we decided to implement the Adra Suite. It’s all about intelligence – ‘How can I turn data into intelligence?’ The value of the Adra Suite has been critical to our organization.”

– CFO, Dallas Cowboys

Adra Journal Entry drives efficiency with journal entry creation, posting and reporting

Save time by removing the tedium of manually managing hundreds of journals each month with Adra Journal Entry. Standardize and centralize journal entries for a close that’s faster with fewer risk of errors. With seamless two-way communication between Adra and any ERP, you can post or export journals without disrupting your current workflow. Achieve a shorter close, deeper insights into your data, and a smoother audit process by storing everything in a single source of truth.